Tag Archives: Quarter

Lenovo Posts First Quarter Profit as Recovery Continues

Chinese technology giant Lenovo Thursday recorded a sharp rise in first-quarter net profit as the company’s turnaround gathered pace. The PC maker posted a $77 million (roughly Rs. 541 crores) net profit in the quarter to June 30 – up from a $72 million loss in the same period last year. “The Group remains confident in its core PC business, and aims to ... Read More »

Apple Supplier Foxconn Posts Drop in Profits Despite Strong iPhone Quarter

HIGHLIGHTS Foxconn posted a 14.5 percent fall in first-quarter net profit on Monday It is world’s largest contract electronics maker Net profit for Q1 of 2018 reached TWD 24.08 billion Taiwan’s Foxconn, the world’s largest contract electronics maker and supplier to Apple, posted a 14.5 percent fall in first-quarter net profit on Monday, lagging estimates despite a strong quarter for the US iPhone ... Read More »

Comio to Start India R&D Operations Next Quarter

Chinese handset maker Comio Monday said it will start a research and development centre in the country that will work on bringing in features for the Indian market in the January-March 2017 quarter. The company has also commenced local assembly of smartphones in the country with partners V-Sun and Hipad Technology. “We are in the process of setting up our R&D centre, ... Read More »

Irish foreign investment head sees firms’ Brexit decisions starting in Second quarter

Companies considering quitting Britain due to its departure from the EU are likely to start making investment decisions from the second quarter, the head of the agency competing to win foreign business for Ireland said on Tuesday. Industrial Development Agency Ireland has already fielded Brexit-related enquiries from more than 100 firms, a lot of which have progressed to site visits, ... Read More »

UK services PMI hits 10-month high, points to solid fourth quarter growth

Businesses in Britain’s dominant services sector grew at their fastest pace since January last month and the broader economy maintained momentum, even if firms have some worries about the year ahead, a survey showed on Monday. The Markit/CIPS services purchasing managers’ index (PMI) – a closely watched gauge of the services sector – rose to 55.2 in November from 54.5 ... Read More »

Facebook Share Price Falls Despite Blowout Quarter

Facebook on Wednesday reported a record Q3, beating analysts’ expectations for the fourth straight quarter, but concerns among investors about increased expenditures and the company’s future prospects drove down share prices.   They closed Thursday at US$119.95, down more than $7 from Wednesday’s closing price of $127.17. Friday saw little movement, with a closing price of $120.75. Facebook posted adjusted ... Read More »